Mini Money Matter: Instil good habits early

How do I do that? There are plenty of tips and each family is different, but the overwhelming consensus is that you start by talking openly about money with your children – making them part of the family finances.

There was some debate recently about an initiative by the government’s MoneySmart program to provide a package for teaching primary school children about basic money matters. But MoneySmart was spot on: the sooner your children learn good financial habits, the more likely they are to keep them when they get older.